Business

Denmark becomes a potential trade partner of Vietnam

With numerous cooperation agreements signed with Vietnam, Denmark is quickly becoming a potential trade and investment partner of the Southeast Asian nation, paving the way for enterprises to promote export revenue, said the Ministry of Industry and Trade.
With numerous cooperation agreements signed with Vietnam, Denmark isquickly becoming a potential trade and investment partner of theSoutheast Asian nation, paving the way for enterprises to promote exportrevenue, said the Ministry of Industry and Trade.

The Ministrysaid that Denmark has been implementing trade liberalisation policies tocreate favourable conditions for foreign enterprises to penetrate itsmarket.

Notably, Denmark is coordinating withVietnam to carry out a project to study and promote trade connections inagriculture and aquaculture. The project aims to identify and assessthe value chain of ‘tra’ fish, domestic fowls, tea and potatoes in thenorthern mountainous areas, Red River Delta, Southeast region and MekongDelta.

Additionally, the project also supports farmers toestablish a sustainable supply chain, presenting Vietnamese agriculturalproducts with valuable opportunities to gain market shares in Denmarkand other European countries.

Looking forward, Danish enterprisesplan to visit Vietnam to seek partners in agriculture and food anduncover additional cooperation opportunities for the two sides.

Accordingto statistics from the Ministry, trade between Vietnam and Denmarkraked in 479 million USD in 2014, providing Vietnam with a total exportrevenue of 303 million USD, an annual increase of 13.2 percent, from itskey exports: garments, footwear, wooden furniture and electricityappliances.

In a bid to increase exports to Denmark,Vietnamese enterprises are advised to improve their international tradeknowledge and renew business strategies while focusing on high-qualityproducts and investing in brand names.-VNA
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